Disqualifiaction period, October 2001 to October 2007‘Trust Me Dear Boy’!
Justice or injustice?
Priority Stainless (UK) Ltd, Priority Metals & Fasteners Ltd and Smiths Metals Ltd are known to Raymond Kennedy!
In August 1997, I lost my company, Priority Stainless (UK) Ltd to a rogue company director, Raymond Kennedy of Advanced Metals International Ltd of Watford. He changed my company’s name to Priority Metals & Fasteners Ltd.
Conspiring with Julian Wood, a partner in the firm ‘Parker Wood’, ‘Insolvency Practitioners’ of Stanmore, Middlesex; a proposed sale of my company to Raymond Kennedy resulted in the theft of my company and a conspiracy to defraud company members and creditors.
The motive was financial greed and the deed was deception and conspiracy to defraud.
It is said that, ‘what goes around comes around’ and in November 2008, Raymond Kennedy has again conspired with others. A director of Smiths Metals Ltd and the Managing Director of Priority Metals & Fasteners Ltd, this is my story about the man whose trademark phrase is, ‘Trust Me Dear Boy’,regrettably I did!
It is also an introduction to Director Disqualification proceedings as brought against me by Julian Wood of Parker Wood, a rogue insolvency practitioner and associate of Raymond Kennedy, in a case where the DTI and the CPS could not see the ‘WOOD’ for the trees of corporate theft, conspiracy to defraud and deception.
Director Targets Injustice – DTI is my story about the good, the bad and the ugly side of doing business with others, where trust and integrity cannot always be relied upon.Here is my story...
Without Prejudice and in
the Public Interest – An article by Kevin Crane dated
10/07/03
A BRIDGE TOO FAR!
The
Company had a Stainless Reputation!
Priority Stainless UK Ltd of
Portsmouth Hampshire was founded in 1986 by Kevin Crane and
supplied stainless steel fasteners to industry. Represented
by Aerospace, Boating, Civil, Defence, Electronic,
Fabrication and General markets where corrosion and
non-magnetism was fundamental. These products included
nuts, bolts, screws and washers. Not only did the company
distribute imported products, but it also manufactured
components.
The company at all times maintained monthly Management
Accounts and Board Minutes. Its annual returns were always
submitted on time and the company performed its fiscal
duties in a professional manner, hence its stainless
reputation.
Employing some
twenty personnel, the Chairman of the company was Tom
Drake, a multi-millionaire who sold his business to
Filofax. He joined the board in 1995, prior to the new
Second Severn Crossing contract. Our Company Accountant was
John MacDonald, who was a Chartered Accountant by
profession. I was the Managing Director and had served the
industry since 1977 when I joined GKN and then IMI, before
starting Priority Stainless in 1986.
Both John MacDonald and Tom Drake joined the company in
1995 having invested 50,000 pounds for their joint
shareholding. The company banked with Lloyds Bank, had no
overdraft and factored its debts with Venture Factors PLC.